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I can understand where you came up (archive)

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Posted by Tom Oliver on January 13, 2000 at 19:36:37:

In Reply to: Yes in that case it paid off just like... posted by SL on January 13, 2000 at 18:29:13:

with that analogy, but most people who gamble do so because they think one day they will hit it big.

I would hope there is more intelligence put into the decision whether or not to buy an extended warranty. Due to the age of the car and the miles on it, I felt I did the opposite, not gambled, but made a small insurance deposit with the hope it would not pay itself off.

Another one that comes to mind, friend of mine bought a '98 Boxster which came with only a 2 year warranty at the time. He did not buy an extended warranty, do you think it's a "casino" type gamble to buy an additional 32k mile warranty for his car? If he keeps the car, I hope his engine doesn't blow.

But! Would I buy an extended warranty again? Probably not as I am more financially stable then I was when I bought the 93 BMW and can cover issues that might arise.

It's just not a black and white decision, there are allot of factors involved.

: the person who takes $800 into a casino and comes out with $3600. You hit it lucky. But extended warranties stay around for the same reason casinos do. Most people don't beat the odds.




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